Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 16 June 2022 8:29 pm

  BoE Expected To Pause After One More Hike In August

  

  The Bank of England announced on Thursday a new increase in the interest rate. It raised the key rate by 25 basis points to 1.25%, with three members voting for a 50 bps hike. Analysts from Rabobank expect one more 25 bps hike in August, before the Monetary Policy Committee …

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• 16 June 2022 7:35 pm

  Gold price jumps toward $1850 on risk aversion

  

  Gold rises to the highest level in four days, eyes $1850 and silver erases losses, approaching Wednesday’s high near $21.90.US yields slide as demand for Treasuries picks up amid risk aversion. Gold gained momentum boosted by a context of risk aversion and a weaker US dollar. XAU/USD rose from under …

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• 16 June 2022 6:00 pm

  USD rising to new highs

  

  After the US unemployment data today recorded negative results compared to what analysts expected, recording a decrease of 3000 last week, the market risk appetite was affected. Risk appetite increased on the US dollar during today’s trading after the Federal Reserve’s interest statement yesterday, which announced the US Central Bank …

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• 16 June 2022 4:28 pm

  Oil falls after US interest rate hike

  

  Oil prices pared earlier gains and fell on Thursday, after a day of sharp declines caused by US interest rate hikes, but the attention was still focused on the supply shortage. Brent crude futures fell 45 cents, or 0.4 percent, to $118.06 a barrel, while West Texas Intermediate crude futures …

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• 16 June 2022 3:16 pm

  BoE hikes interest rates by 25 bps to 1.25%

  

  The Bank of England (BoE) announced its monetary policy decision this Thursday and hiked rates for the fifth consecutive time to curb soaring inflation. The nine-member Monetary Policy Committee (MPC) voted 6-3 for the 25 bps hike in the bank rate to 1.25%, with the minority – Catherine Mann, Jonathan …

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• 16 June 2022 1:58 pm

  European shares slip as recovery fades after US rate hike

  

  European shares fell on Thursday after the US Federal Reserve’s decision to raise interest rates bolstered fears of a possible recession at a time when global economies are facing soaring inflation. The pan-European Stoxx 600 index was down 0.4 percent by 0710 GMT, although European stock futures recovered overnight after …

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• 16 June 2022 1:39 pm

  Nikkei halts a 4-session decline

  

  The Japanese Nikkei index halted a four-session losing streak on Thursday, boosted by a rally in US stocks last night after the Federal Reserve raised interest rates by 75 basis points, as expected. But the bleak outlook for the global economy amid continued risks related to the sharp tightening of …

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• 16 June 2022 1:13 pm

  Reuters: Russian oil production rose month-on-month in May

  

  An OPEC+ document seen by Reuters and citing secondary sources showed on Thursday that Russia’s crude oil production rose to 9.273 million barrels per day in May from 9.159 million in April. Total production by members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies including Russia, …

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• 16 June 2022 12:01 pm

  BoE Preview: hikes to continue until inflation improves

  

  Markets are awaiting today, Thursday, the Bank of England interest rate decision, amid expectations that it will raise rates for the fifth time in a row since last December, which represents the largest rate hike in 25 years and is expected to continue with inflation heading towards recording double digits. …

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• 16 June 2022 4:16 am

  Market Drivers – US Session – Wednesday, June 15

  

  Central banks are inside the storm amid global tenacious high inflation. The US Fed was the star of Wednesday’s interest rate show. Fed decided to hike rates by 75 bps, the largest since 1994, but dismissed the chances of a 100 bps hike. Fed Chair Powell said it was the …

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• 16 June 2022 2:50 am

  SNB Rate Decision Preview In Light Of Current Inflation Outlook

  

  It is typically a central bank-heavy week, with the US Fed having hiked interest rate by 75 points to bring inflation under control. For the Swiss National Bank, inflation is also its biggest problem. The inflation rate is running at its hottest levels since 2008. Ongoing geopolitical uncertainty and higher …

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• 16 June 2022 2:25 am

  US equities jump on Powell’s comments

  

  Stocks were volatile after the rate hike decision but jumped to session highs as Fed Chairman Jerome Powell said additional increases are on the horizon.Boeing and other shares closely linked to economic growth jumped higher on the hope that rates could rise without tipping the economy into a recession. Boeing …

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• 16 June 2022 1:34 am

  Gold sustains above $1830 on Fed’s hike

  

  Gold price witness a firmer rebound after hitting a low of $1,815.00 in the late New York session as the Federal Reserve dictated a 75 basis point rate hike after its two-day policy discussion meeting. Fed chair Jerome Powell went beyond his words, took 75 bps into the consideration, and …

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